ConnectEast is an Australian company responsible for the finance, design, construction and operation of the EastLink toll road in

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

. Previously listed in the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX) as the ConnectEast Group, it won a $2.5 billion tender in 2004 to finance, design, construct, operate and maintain the 39 km EastLink toll road between

Mitcham Mitcham is an area within the London Borough of Merton in South London, England. It is centred southwest of Charing Cross. Originally a village in the county of Surrey, today it is mainly a residential suburb, and includes Mitcham Common. It ...

and Frankston, which links the Eastern Freeway in the eastern suburbs of Melbourne to the Frankston Freeway in Melbourne's south-east. This tollway was constructed by a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

between Thiess and John Holland and completed five months ahead of schedule with the tollway opening in June 2008. In late 2011, ConnectEast was sold to Horizon Roads (a consortium of eight investors:

Universities Superannuation Scheme The Universities Superannuation Scheme is a pension scheme in the United Kingdom with £89.6 billion under management as of August 2021 (up from £67 billion in 2019). It has over 400,000 members, made up of active and retired academic and aca ...

from the United Kingdom,

APG APG may refer to: * Aberdeen Proving Ground, a United States Army installation in Aberdeen, Maryland **Phillips Army Airfield (IATA code), the airfield of the above * Aboriginal Provisional Government, Indigenous Australian independence movement * ...

of the Netherlands,

National Pension Service The National Pension Service (NPS; ) is a public pension fund in South Korea. It is the third largest in the world with over $800 billion in assets, and is the largest investor in South Korea. The system functions as part of a national social se ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

, China's Leader Investment Corp,

Arbejdsmarkedets Tillægspension Arbejdsmarkedets Tillægspension (ATP) is a supplementary (income-related) pension in Denmark, and is Denmark's largest lifelong pension plan. Citizens Citizenship is a membership and allegiance to a sovereign state. Though citizenship is of ...

of Denmark, Teachers Insurance and Annuity of the US and the Korean Teachers Credit Union) for $2.2 billion and delisted from the ASX. ConnectEast's concession expires in 2043.Transurban Says It Wants to Buy Stake in Melbourne’s EastLink
''

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ...

'' 7 February 2023

References

Companies based in Melbourne Companies formerly listed on the Australian Securities Exchange Private road operators Transport in Melbourne 2002 establishments in Australia {{Transport-company-stub